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Loans Latest News Tesco cuts loan rates
Loans Latest News Tesco cuts loan rates Tesco cuts loan rates
Tesco Personal Finance has cut the cost of borrowing by reducing the rate on its most popular band (£7,500 - £25,000) to 6.3% APR (down from 6.6% APR) for both online and offline customers. In addition, the £5k - £7,499 band has been reduced to 7.4% APR (down from 7.6% APR).
The loan is fixed, with no arrangement fees or additional charges, and has optional payment protection.
Elsewhere, HSBC net banking unit, first direct is offering a 12.5% discount on every home and car insurance policy bought before the end of the year.
By first direct's reckoning independent research carried out earlier this year by Consumer Intelligence suggested that consumers could save up to £157 on their car insurance and up to £145 on their home insurance by switching to first direct. On the other hand, you may wish to continue shopping around.
Wednesday, 23 November 2005 12:00
Top 5 Personal Loans
|
Loan |
Representative APR |
Min Loan |
Max Loan |
Min Term |
Max Term |
Apply |
|---|---|---|---|---|---|---|
| View Full Table > | ||||||
 |
6.8%
|
£7,500
|
£14,999
|
1 Year
|
5 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.8% (fixed) equals monthly repayments of £148 and a total amount repayable of £8,868. There are no other charges included in the total charge for credit. | ||||||
 |
8.2%
|
£5,000
|
£7,499
|
1 Year
|
7 Years
|
|
| Representative Example: £5000 borrowed over a period of 5 years at 8.2% (fixed) equals monthly repayments of £102 and a total amount repayable of £6,112. There are no other charges included in the total charge for credit. | ||||||
 |
6.1%
|
£7,500
|
£14,999
|
1 Year
|
10 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit. | ||||||
|
|
8.1%
|
£15,001
|
£25,000
|
1 Year
|
7 Years
|
|
| Representative Example: £15001 borrowed over a period of 5 years at 8.1% (fixed) equals monthly repayments of £305 and a total amount repayable of £18,293. There are no other charges included in the total charge for credit. | ||||||
|
|
6.1%
|
£7,500
|
£15,000
|
1 Year
|
7 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit. | ||||||
